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Jan 1, 2013 7:00am PST
coming in. but let's talk about last night. that's when we saw vice president biden on capitol hill and when we saw him there, many people knew at that point, that a deal had been struck biden and senate republican leader mitch mcconnell, they had been working together to figure out this compromise. in the end what we're seeing individuals making $400,000 or more and families making $450,000 or more each year, they will receive their taxes go up an those automatic spending cuts will -- and those automatic spending cuts will be delayed in thele beginning of march. the cost to delay those cuts. >> $24 become. they will pay for that by using spending cuts. now the final vote in the senate was 89-8. you saw it was overwhelming there. the key question, what will the house do? will they pass it, amend it or strike it down altogether? it remains to be scene. back to you. >> thank you. >>> that senate vote avoids the so-called dairy fiscal cliff. it exlends through -- it extends through september. without that legislation, milk prices were expected to double next month up to as much as $8 a
Dec 31, 2012 7:00am PST
that point, joe biden and mitch mcconnell took over negotiations. the two worked together in the senate for 23 years and have a strong history of finding compromise. >> i think there's some good news. the conversations continued late into the night last night. i think now there is a better than 50/50 chance that we will avoid the fiscal cliff by midnight tonight. >> reporter: if the senate comes one a plan and passes it, the -- comes up with a plan and passes, it the house would have to vote on it. kyla campbell, ktvu channel 2 news. >>> 7:16. even if congress avoids the flip, your paycheck will still be smaller in 2013. that's because a temperature reduction in the social security payroll tax expires today. starting in january, workers will, once again, have 6.2% of their wages withheld to pay for social security. that's up from the 4.2% rate that's been in effect for the past two years. people making $50,000 will get about $83 a month less in their paychecks. >>> 7:16. a new report from the u.s. senate on the attack on the u.s. consue rit in -- on the u.s. consulate in libya is
Search Results 0 to 1 of about 2